Global demand for Chinese-made goods is soaring and shipping delays are easing too
CNN
Demand for Chinese-made goods is soaring as the world continues to bounce back from the pandemic. That's helping to calm fears about the recovery in the second largest economy.
Exports reached $281 billion last month in US dollar terms, up 32% from a year ago, according to Chinese customs data released Tuesday. That's the fastest rate of growth since February, and far higher than the 23% growth forecast in a Reuters poll of analysts. The spike remains high even when compared to June 2019, before Covid-19 broke out: It's a 32% leap over that time period as well.More Related News
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.